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Minn. tax collections top expectations for January

Minnesota tax collectors took in nearly
$47 million more than they expected in January, a glimmer of
positive news in an otherwise dreary budget picture.

Minnesota Management and Budget said Wednesday that the state
collected $1.36 billion last month. That was 3.6 percent better
than anticipated, as individual and corporate income taxes and
sales taxes came in above projections.

The agency says the state is now $45 million ahead of revenue
projections for the fiscal year that started in July.

The figures give only half a picture of the state's budget
health because they don't include state spending. A complete budget
forecast is due in early March.

The most recent forecast projected a $1.2 billion deficit
through mid-2011.